PBRA, LLC - 22 Sep 2025 Form 4 Insider Report for Better Home & Finance Holding Co (BETR)

Reporting relationship: 10%+ Owner
Issuer ticker: BETR
Reported as of: 22 Sep 2025
Net transaction value: -$50,088,432
SEC form: 4
Accepted by SEC: 24 Sep 2025, 18:55:19 UTC
Prior SEC filing: 24 Aug 2023
Source filing: View source filing
Reporting owner signature: PBRA, LLC, By: /s/ Howard Newman, Chairman, Chief Executive Officer

Key filing fact

PBRA, LLC filed Form 4 for Better Home & Finance Holding Co (BETR) on 24 Sep 2025.

Key facts

This page summarizes PBRA, LLC's Form 4 filing for Better Home & Finance Holding Co (BETR).
14 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 24 Sep 2025, 18:55.

Change

Previous filing in this sequence was filed on 24 Aug 2023.
Current net transaction value: -$50,088,432.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (5)

CIK 0001615816 Primary reporting owner

PBRA, LLC

Relationship: 10%+ Owner
Address: C/O PINE BROOK ROAD PARTNERS, LLC, 60 EAST 42ND STREET, SUITE 3014, NEW YORK
Signature: PBRA, LLC, By: /s/ Howard Newman, Chairman, Chief Executive Officer
Signature date: 24 Sep 2025

CIK 0001774259

Pine Brook Road Associates II, L.P.

Relationship: 10%+ Owner
Address: C/O PINE BROOK ROAD PARTNERS, LLC, 60 EAST 42ND STREET, SUITE 3014, NEW YORK
Signature: Pine Brook Road Associates II, L.P., By: PBRA, LLC, its General Partner, By: /s/ Howard Newman, Chairman, Chief Executive Officer
Signature date: 24 Sep 2025

CIK 0001013026

NEWMAN HOWARD H

Relationship: 10%+ Owner
Address: C/O PINE BROOK ROAD PARTNERS, LLC, 60 EAST 42ND STREET, SUITE 3014, NEW YORK
Signature: /s/ Howard Newman
Signature date: 24 Sep 2025

CIK 0001556984

Pine Brook Capital Partners II, L.P.

Relationship: 10%+ Owner
Address: 60 EAST 42ND STREET, SUITE 3014, NEW YORK
Signature: Pine Brook Capital Partners II, L.P., By: Pine Brook Road Associates II, L.P., its General Partner, By: PBRA, LLC, its General Partner, By: /s/ Howard Newman, Chairman, Chief Executive Officer
Signature date: 24 Sep 2025

CIK 0001630691

Pine Brook Road Advisors, L.P.

Relationship: 10%+ Owner
Address: 346 PINE BROOK ROAD, BEDFORD
Signature: Pine Brook Road Advisors, L.P., By: PBRA, LLC, its General Partner, By: /s/ Howard Newman, Chairman, Chief Executive Officer
Signature date: 24 Sep 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BETR transaction

Class A Common Stock

Sale

Transaction value: $21,315,017
Shares: -453,511
Change %: -46%
Price: $47.00^*
Shares after: 542,149
Date: 22 Sep 2025
Ownership: By Pine Brook Capital Partners II, L.P.
Footnotes: F1, F2

BETR transaction

Class A Common Stock

Sale

Transaction value: $8,369,618
Shares: -166,900
Change %: -31%
Price: $50.15^*
Shares after: 375,249
Date: 22 Sep 2025
Ownership: By Pine Brook Capital Partners II, L.P.
Footnotes: F2, F3

BETR transaction

Class A Common Stock

Sale

Transaction value: $3,757,134
Shares: -72,809
Change %: -19%
Price: $51.60^*
Shares after: 302,440
Date: 22 Sep 2025
Ownership: By Pine Brook Capital Partners II, L.P.
Footnotes: F2, F4

BETR transaction

Class A Common Stock

Sale

Transaction value: $4,292,820
Shares: -81,981
Change %: -27%
Price: $52.36^*
Shares after: 220,459
Date: 22 Sep 2025
Ownership: By Pine Brook Capital Partners II, L.P.
Footnotes: F2, F5

BETR transaction

Class A Common Stock

Sale

Transaction value: $1,926,776
Shares: -36,195
Change %: -16%
Price: $53.23^*
Shares after: 184,264
Date: 22 Sep 2025
Ownership: By Pine Brook Capital Partners II, L.P.
Footnotes: F2, F6

BETR transaction

Class A Common Stock

Sale

Transaction value: $2,449,621
Shares: -44,884
Change %: -24%
Price: $54.58^*
Shares after: 139,380
Date: 22 Sep 2025
Ownership: By Pine Brook Capital Partners II, L.P.
Footnotes: F2, F7

BETR transaction

Class A Common Stock

Sale

Transaction value: $3,440,632
Shares: -62,188
Change %: -45%
Price: $55.33^*
Shares after: 77,192
Date: 22 Sep 2025
Ownership: By Pine Brook Capital Partners II, L.P.
Footnotes: F2, F8

BETR transaction

Class A Common Stock

Sale

Transaction value: $649,148
Shares: -11,547
Change %: -15%
Price: $56.22^*
Shares after: 65,645
Date: 22 Sep 2025
Ownership: By Pine Brook Capital Partners II, L.P.
Footnotes: F2, F9

BETR transaction

Class A Common Stock

Sale

Transaction value: $2,366,891
Shares: -41,214
Change %: -63%
Price: $57.43^*
Shares after: 24,431
Date: 22 Sep 2025
Ownership: By Pine Brook Capital Partners II, L.P.
Footnotes: F2, F10

BETR transaction

Class A Common Stock

Sale

Transaction value: $200,740
Shares: -3,452
Change %: -14%
Price: $58.15^*
Shares after: 20,979
Date: 22 Sep 2025
Ownership: By Pine Brook Capital Partners II, L.P.
Footnotes: F2, F11

BETR transaction

Class A Common Stock

Sale

Transaction value: $871,680
Shares: -14,528
Change %: -69%
Price: $60.00^*
Shares after: 6,451
Date: 22 Sep 2025
Ownership: By Pine Brook Capital Partners II, L.P.
Footnotes: F2

BETR transaction

Class A Common Stock

Sale

Transaction value: $315,632
Shares: -4,673
Change %: -72%
Price: $67.54^*
Shares after: 1,778
Date: 22 Sep 2025
Ownership: By Pine Brook Capital Partners II, L.P.
Footnotes: F2, F12

BETR transaction

Class A Common Stock

Sale

Transaction value: $6,874
Shares: -100
Change %: -5.6%
Price: $68.74^*
Shares after: 1,678
Date: 22 Sep 2025
Ownership: By Pine Brook Capital Partners II, L.P.
Footnotes: F2

BETR transaction

Class A Common Stock

Sale

Transaction value: $125,850
Shares: -1,678
Change %: -100%
Price: $75.00^*
Shares after: 0
Date: 22 Sep 2025
Ownership: By Pine Brook Capital Partners II, L.P.
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

PBRA, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 12 footnotes

Footnote F1

This number has been adjusted to reflect the 1-for-50 reverse stock split the Issuer effected on August 16, 2024.

Footnote F2

Pine Brook Road Associates II, L.P. ("PBRA II") is the general partner of Pine Brook Capital Partners II, L.P. PBRA, LLC is the general partner of PBRA II. Pine Brook Road Advisors, L.P. controls the investment advisor of Pine Brook Capital Partners II, L.P. PBRA, LLC is the general partner of Pine Brook Road Advisors, L.P. Howard Newman is the managing member of PBRA, LLC. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Footnote F3

This price reflects a weighted average sale price for open-market sales of Class A Common Stock ("Shares") made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $50.00 to $50.985, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (3).

Footnote F4

This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $51.00 to $51.9975, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (4).

Footnote F5

This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $52.00 to $52.99, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (5).

Footnote F6

This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $53.00 to $53.945, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (6).

Footnote F7

This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $54.00 to $54.99, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (7).

Footnote F8

This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $55.00 to $55.98, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (8).

Footnote F9

This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $56.00 to $56.91, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (9).

Footnote F10

This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $57.035 to $58.01, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (10).

Footnote F11

This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $58.07 to $58.51, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (11).

Footnote F12

This price reflects a weighted average sale price for open-market sales of Shares made by the Reporting Persons on September 22, 2025, within a $1.00 range. The actual prices for these transactions range from $67.50 to $68.01, inclusive. The Reporting Persons undertake to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of Shares sold at each separate price within the range set forth in footnote (12).